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IN RE AMBAC FINANCIAL GROUP, INC.

No. 10-15973 (SCC).

457 B.R. 299 (2011)

In re AMBAC FINANCIAL GROUP, INC., Debtor.

United States Bankruptcy Court, S.D. New York.

September 23, 2011.

Attorney(s) appearing for the Case

Dewey & Leboeuf LLP, By: Peter A. Ivanick, Esq., Richard W. Reinthaler, Esq., New York, NY, Bennett G. Young, Esq., San Francisco, CA, for the Debtor.

Wachtell, Lipton, Rosen & Katz, By: Peter C. Hein, Esq., Christopher Lee Wilson, Esq., Co-Counsel for the Debtor.

Morrison & Foerster LLP, By: Anthony Princi, Esq., Jamie A. Levitt, Esq., Renee L. Freimuth, Esq., New York, NY, for the Official Committee of Unsecured Creditors.

Kohn Swift & Graf, PC, By: Denis F. Sheils, Esq., Barbara L. Moyer, Esq., Philadelphia, PA, for Police and Fire Retirement System of the City of Detroit.

Wolf Haldenstein Adler Freeman & Herz LLP, By: Gregory M. Nespole, Esq., Demet Basar, Esq., Malcom T. Brown, Esq., New York, NY, for Police and Fire Retirement System of the City of Detroit.

Lowenstein Sandler PC, By: Michael S. Etkin, Esq., New York, NY, for Lead Plaintiffs and the Class in the Securities Litigation.

BENCH DECISION APPROVING SETTLEMENT STIPULATION AND INSURER AGREEMENT1

SHELLEY C. CHAPMAN, Bankruptcy Judge.

Before the Court is the Amended Order, Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 9019 (A) Approving the Settlement Stipulation and the Insurer Agreement and (B) Approving Ambac's Entry into the Settlement Stipulation and the Insurer Agreement and Performance of all of its Obligations...

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